Looking to diversify beyond PGKZX? The mutual funds below have the lowest correlation with PGKZX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PGKZX.
Best Diversifiers for PGKZX
3 mutual funds have low correlation with PGKZX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Short Duration Multi-Sector Bond Fund (SDMZX) (Short-Term Bond) with a 1Y correlation of 0.22, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Short Duration Multi-Sector Bond Fund | 0.22 | 0.10 | 0.13 | 53 | Short-Term Bond | PGKZX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.23 | 0.11 | 0.14 | 57 | Short-Term Bond | PGKZX vs PBSMX | |
| PGIM Floating Rate Income Fund | 0.30 | 0.28 | 0.27 | 96 | Bank Loan | PGKZX vs FRFZX | |
| ARK Venture Fund | 0.40 | 0.53 | — | 99 | Technology Equities | PGKZX vs ARKVX | |
| PGIM High Yield Fund | 0.41 | 0.32 | 0.38 | 65 | High Yield Bonds | PGKZX vs PBHAX |
See all 29 diversifiers for PGKZX
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Diversification Analysis
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